Home / Knowledge / News / Fashion / Rustan Group to sell Samsonite travel goods
Rustan Group to sell Samsonite travel goods
13
Aug '08
Samsonite Group, the worldwide leader in travel bags, luggage and accessories, announces that it has signed an agreement to establish a Joint Venture with Specialty Investments Inc a subsidiary of the Rustan Group.

Rustan Group is a leading wholesaling and retailing conglomerate in the Philippines and is the exclusive franchisee for some of the finest international names in fashion and personal care products.

The agreement reinforces and accelerates Samsonite Group's President and CEO, Marcello Bottoli's vision of turning Samsonite into a global group with a strong market penetration and leadership in all continents. By reinforcing its presence in this territory, Samsonite sets the stage for continued expansion in the region.

The agreement allows the Joint Venture company to distribute and to sell travel goods, and Samsonite Group's President and CEO, Marcello Bottoli, and President Asia, Ramesh Tainwala, will be the directors of the Joint Venture company.

Samsonite Group's President and CEO Marcello Bottoli said, "We are very excited about partnering with the Rustan Group in one of the world's fastest growing markets.

The Joint Venture represents an important milestone in Samsonite's repositioning as an elite lifestyle travel company on a global scale.

At the same time, the cooperation materially benefits all of our brands' future development in the Philippines and its surrounding regions.

We continue to define, develop, clarify and promote all of our brands, thereby strengthening our position in every market segment and building a solid platform for future growth."

Chairman of Specialty Investments Mrs. Zenaida R. Tantoco commented, "We are absolutely delighted to become part of this great company. This is further recognition that we have been able to maintain the highest standards of quality in our home market.

The future of our company is very important to us and we believe that, by becoming a strategic partner of Samsonite, we are rapidly accelerating our own corporate development and reinforcing our domestic market leadership.

Specialty Investments has an outstanding team of retail professionals which, when combined with Samsonite's global expertise, makes an exceptional combination to serve our customers even better."

Samsonite Group


Must ReadView All

Indian textile & apparel exports fall 13% in Jan 2018

Textiles | On 17th Feb 2018

Indian textile & apparel exports fall 13% in Jan 2018

A decline of 13 per cent year-on-year has been observed in the...

Brazilian cotton prices move up in first fortnight

Textiles | On 17th Feb 2018

Brazilian cotton prices move up in first fortnight

Cotton prices rose in Brazil in the first fortnight of February, as...

Courtesy: OrganoClick

Textiles | On 17th Feb 2018

OrganoClick introduces OrganoTex for water repellency

OrganoClick has introduced OrganoTex, a textile impregnation product...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Urmil Arya

Sushila International, a well established textile organisation established ...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

February 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.3%
No
12.9%
Skip
16.8%

Total Votes: 101

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.4%
No
29.7%
Skip
6.9%

Total Votes: 101

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.1%
No
8.9%
Skip
3.0%

Total Votes: 101

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.2%
No
7.9%
Skip
8.9%

Total Votes: 101


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search